The Latest Breaking News from Jeremy Hunt

Jeremy Hunt, who replaced sacked Kwasi Kwarteng as Chancellor on Friday, said in his first interview in the role "mistakes had been made" and warned of a challenging situation to come

Chancellor says ‘difficult decisions’ ahead with some departments needing to find savings and some taxes set to rise

The Bank of England Governor said the pair discussed ‘fiscal responsibility’

Kwarteng’s replacement is warned of inflation impact, crumbling services and financial ‘black hole’ that he has two weeks to fill

Turmoil in Tory party takes centre stage after unconvincing moves by an unrepentant Truss to fix her policy crisis

It comes after she sacked her chancellor and ditched a major chunk of her mini-budget

Liz Truss is now desperately clinging to power as her own MPs attempt to find a replacement for the PM, who some describe has made the party a 'laughing stock'

Having seen her government’s popularity plummet just weeks after taking office, British prime minister Liz Truss has sacked her chancellor of the exchequer, Kwasi Kwarteng in a bid to save herself. Kwarteng, widely seen as Truss’s right-hand man, was rushed back to London from New York for the occasion, where…

Kwasi Kwarteng had been chancellor for just 38 days, the second-shortest time ever spent in the post, as Liz Truss replaced him with Jeremy Hunt on a day rapidly descending into farce

‘His view is that the wagons are still going to circle’

Rattled Liz Truss appears defeated and deflated just weeks after getting the keys to no10, behavioural expert Judi James claims as the desperate Prime Minister clings to her job